Pharmacies & Drug Stores in the US

External Competition- Bitter Pill to Swallow

Significant influence will be exerted on this industry from various variables, especially the growing number of products going on the market, with the increasing number of ‘blockbuster’ drugs significantly increasing sales; the aging population increasing the industry’s target market; and the advancement of technology, allowing drug stores to reach a wider market via the internet. However, this has been offset by a loss of market share to other retailers such as mass merchandisers and grocery stores.

This Industry Market Research report provides a detailed analysis of the Pharmacies & Drug Stores in the US industry, including key growth trends, statistics, forecasts, the competitive environment including market shares and the key issues facing the industry.

Industry Definition

This industry comprises establishments known as pharmacies and drug stores engaged in retailing prescription or non-prescription drugs and medicines.The Pharmacy and Drug Store industry in the US retails a range of prescription and over the counter (OTC) medicines, health and beauty items including vitamin supplements, cosmetics and toiletries as well as offering photo processing services. Major industry supplies are sourced from the upstream Drug and Druggist Sundries Wholesale industry, the Toilet Preparation Manufacturing industry, the Soap and Other Cleaning Compounds Manufacturing industry, and the Photographic Equipment and Supplies Wholesale industry.

Report Contents

The Key Statistics chapter provides the key indicators for the industry for at least the last three years. The statistics included are industry revenue, industry gross product, employment, establishments, exports, imports, domestic demand and total wages.

The Market Characteristics chapter covers the following: Market Size, Linkages, Demand Determinants, Domestic and International Markets, Basis of Competition and Life Cycle. The Market Size section gives the size of the domestic market as well as the size of the export market. The Linkages section lists the industry’s major supplier and major customer industries. The Demand Determinants section lists the key factors which are likely to cause demand to rise or fall. The Domestic and International Markets section defines the market for the products and services of the industry. This section provides the size of the domestic market and the proportion accounted for by imports and exports and trends in the levels of imports and exports. The Basis of Competition section outlines the key types of competition between firms within the industry as well as highlighting competition from substitute products in alternative industries. The Life Cycle section provides an analysis of which stage of development the industry is at.

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